ConstitutionDAO, a decentralized organization, had gathered massive funding that surpassed $40 million. It had organized this funding process to enable it to bid for a copy of the United States Constitution that was set to go up for auction on Sotheby’s platform.
The whole cryptocurrency community had joined hands to donate their drop in the ocean, aiming to win with a tagline:
“We’re buying the constitution and it will be governed by the people.”
Nonetheless, in the exclusive turn of events, ConstitutionDAO lost the bid to one Chicago-based hedge-fund billionaire who is also Citadel CEO, Kenneth Griffin. His $43.2 million bid won him the first edition copy of the United States Constitution on November 18.
The decentralized group noted in an official message to the community upon losing that bid:
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“While this wasn’t the outcome we hoped for, we still made history tonight with ConstitutionDAO…We are so incredibly grateful to have done this together with you all and are still in shock that we even got this far.”
Copy of US Constitution to Be Available At the Museum
Griffin said that he will lend the copy of the US Constitution to the Crystal Bridges Museum of American Art in Bentonville, Ark. The museum has free admission and it was launched around ten years ago by Walmart heiress Alice Walton.
While Griffin announced his plans for the Constitution’s copy, he alleged that his mission was always to guarantee that there is mass accessibility of this sacred piece of document. He wants the constitution to be viewed and appreciated by people from all walks of life.
Griffin said in a statement issued by Sotheby’s:
“The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be…That is why I intend to ensure that this copy of our Constitution will be available for all Americans and visitors to view and appreciate.”
ConstitutionDAO has core members that denied any comment on the winning bid by Griffin. However, they took to Twitter to jokingly ask:
“How much for citadel?”
Since ConstitutionDAO lost that bid, they said that they would refund all pro-rata amount back via Juicebox. However, the gas fees will be deducted effectively.